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Aptitude MCQs On Simple interest (Week 1) - 08.01.2022

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Question 1

The rate of simple interest for first two years is 8% p. a, for the next 4 years, it is 10% p.a. and for the period beyond 6 years, it is 12% p.a. If a person gets ₹18358.60 as simple interest after 9 years, then how much money (in ₹) did he invest?

Question 2

The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years.

Question 3

What sum of money must be given at 4% per annum simple interest for six months to earn interest of Rs. 150?

Question 4

A sum of money becomes double in 8 years at a rate of simple interest per annum. In how many years it will become 9/4th of itself?

Question 5

Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005
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